The 2021 Census figures have been released, and they provide an interesting snapshot of the Newcastle, Lake Macquarie and Maitland areas. Read on to find out all the key Census information about the people and properties in each area.
Newcastle Census Stats
Newcastle now has a population of approximately 169,000, with a median age of 37. The average number of people per household is 2.4, and the median weekly household income is $1,760.
Nearly 70% of residential dwellings in Newcastle are standalone houses, and the majority have 3 bedrooms. Novocastrians who were paying off a mortgage in 2021 were paying a median of $1,987 per month, while those renting were paying $400 per week. Approximately 60% of Newcastle residents own or are paying off their own home.
You can find all the Census figures for Newcastle here.
Lake Macquarie Stats
Lake Macquarie now has a population of just under 214,000, with a median age of 42. The average number of people per household is 2.5, and the median weekly household income is $1,623.
85% of residential dwellings in Lake Macquarie are standalone houses, and the majority have 3 or 4 bedrooms. Lake Macquarie residents who were paying off a mortgage in 2021 were paying a median of $1,950 per month, while those renting were paying $375 per week. Just over 73% of Lake Macquarie residents own or are paying off their own home.
You can find all the Census figures for Lake Macquarie here.
Maitland Census Stats
Maitland now has a population of just over 90,000, with a median age of 36. The average number of people per household is 2.7, and the median weekly household income is $1,766.
87% of residential dwellings in Maitland are standalone houses, and the majority have 3 or 4 bedrooms. Maitland residents who were paying off a mortgage in 2021 were paying a median of $1,829 per month, while those renting were paying $370 per week. 67% of Maitland residents own or are paying off their own home.
You can find all the Census figures for Maitland here.
Since the Census
It’s no secret that there has been a regional migration and property boom over the past couple of years, so the Census figures for each of the three areas are likely to have increased further.
How we can help
If you’re looking to join the growing number of Australians buying a residential or investment property in Newcastle, Lake Macquarie or Maitland, talk to us. Our licensed and experienced brokers at Wisebuy Investment Group can help you to find the right loan. We can also help you if you’re looking to refinance your existing property loan.
We’ll take the time to find out your individual needs before matching you with a suitable lender. We work with more than 60 lenders in the Australian market, and we can help you with your loan application. Importantly, we work for property buyers, not lenders.
Contact us today for an obligation-free chat to find out more. We’d be happy to answer any questions you have and to explore your finance options with you.
